Why Is Bitcoin Gambling Industry So Successful in the World? - page 4.

acener

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Quote from: tyz on May 10, 2017, 10:31:49 PM

I've just read an interesting article about popularity of Bitcoin gambling. The article identifies six reason why Bitcoin gambling is that successful. Bitcoin casinos started being successful in 2012. The 1st most successful casino was Satoshi Dice, which is a simple site that offers gamblers access to various dice rolling games. This surprising success sets precedent for the gambling industry. Full Article

It's because gambling in bitcoin can be profitable to both developers and gamblers. Both are earning good, that's why most bitcoin gambling sites are successful. There's a lot of gamblers who are high rollers who also know bitcoin.

eternalgloom

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Quote from: PokerFace3 on October 22, 2017, 11:19:57 AM

Quote from: JL421 on October 21, 2017, 11:46:16 AM

It's not so successful but the amount of players are surely increasing every day. The reason behind this is surely the house edge which is max 1% on most of the gambling sites as well as the ease of gambling you need to put some fake details deposit and withdraw with any personal information to be provided

That is true. The houses are so clever in this regard, and they are responsible for addiction of these gamblers. When the house edge rates are low, people are more trending to gamble because they think they can have major profit ratio for themselves.

But they don’t know how tricky these houses are. Still gambling is getting more and more fame just because of it is being easy money source.

You are both wrong though, you can hardly say that Bitcoin gambling is unsuccessful, Bitcoin gablers have wagered around 4.5 Billion dollars since 2014.

Source: https://news.bitcoin.com/bitcoin-gamblers-wagered-4-5-billion-btc-2014/

I wouldn't call Bitcoin casino's responsible for the addiction of those gamblers, even if gambling were made completely illegal, people would still gamble and become addicted.

Most Bitcoin casino's will also ban you if you are a problem gambler.

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Quote from: daringdiscovered on October 23, 2017, 01:49:17 AM

Quote from: KourtneyK on October 22, 2017, 06:55:14 PM

I think it is successful because of mainly the price you get when you win in Bitcoin Gambling, if you kept the reward then in a year you'll be rich because Bitcoin value keeps on increasing and most of the gamblers strive hard to win that amount.

I think it is because the gambling site was made to always win to gain a huge bankroll every single day for the site to run in the long run, and many people are addicted on gambling having this false hope that they could win on gambling or could make money in gambling if they are going to do it as a living but it is all wrong, like who is going to win always against the house? yeah there are few people who are lucky on gambling but this doesn't apply to all of us.

That goes not just fir bitcoin gambling but for conventional gambling as well. It's a general knowledge that people doesn't really win in the long run. What makes bitcoin gambling different is that it's easier and safer than normal gambling. Anyone would prefer to be anonymous and would feel safer thag way than giving out personal information when registering on gambling sites

daringdiscovered

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Quote from: KourtneyK on October 22, 2017, 06:55:14 PM

I think it is successful because of mainly the price you get when you win in Bitcoin Gambling, if you kept the reward then in a year you'll be rich because Bitcoin value keeps on increasing and most of the gamblers strive hard to win that amount.

I think it is because the gambling site was made to always win to gain a huge bankroll every single day for the site to run in the long run, and many people are addicted on gambling having this false hope that they could win on gambling or could make money in gambling if they are going to do it as a living but it is all wrong, like who is going to win always against the house? yeah there are few people who are lucky on gambling but this doesn't apply to all of us.

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Quote from: szpalata on October 23, 2017, 12:43:01 AM

Quote from: michkima on October 22, 2017, 10:20:25 PM

Quote from: Pettuh4 on October 22, 2017, 08:15:49 PM

Quote from: KourtneyK on October 22, 2017, 06:55:14 PM

I think it is successful because of mainly the price you get when you win in Bitcoin Gambling, if you kept the reward then in a year you'll be rich because Bitcoin value keeps on increasing and most of the gamblers strive hard to win that amount.

It is true that Bitcoin investment is the best thing around now but the problem is that most gamblers want instant money and might not necessarily want to keep their wins for a year, chances are that they might gambler it off even if they manage to keep it.

That is indeed why gambling sites are so successful. Since gambling sites really appeal to a person's greed. That is why people keep on still risking money in gambling. They all think that they can double the money easy without any effort. But that doesn't usually happen, the usual occurrence is that players lose more than what they have and end up regretting gambling.

The question by the OP was in reference to the bitcoin gambling Industry and not any other gambling industry like fiats. I think interest in Cryptocurrency is on the rise globally and since it has been introduced into gambling it has spurned the bitcoin gambling industry on.

I think maybe because of the demand the cryptocurrency is getting from the people. And maybe I think the possible price of it in the near future. I gambled in bitcoin gambling sites because I am hoping I can get a lot of it that I can save for the future use and the possible profit it can give me because I know it will be having a good price in the near future.

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Quote from: michkima on October 22, 2017, 10:20:25 PM

Quote from: Pettuh4 on October 22, 2017, 08:15:49 PM

Quote from: KourtneyK on October 22, 2017, 06:55:14 PM

I think it is successful because of mainly the price you get when you win in Bitcoin Gambling, if you kept the reward then in a year you'll be rich because Bitcoin value keeps on increasing and most of the gamblers strive hard to win that amount.

It is true that Bitcoin investment is the best thing around now but the problem is that most gamblers want instant money and might not necessarily want to keep their wins for a year, chances are that they might gambler it off even if they manage to keep it.

That is indeed why gambling sites are so successful. Since gambling sites really appeal to a person's greed. That is why people keep on still risking money in gambling. They all think that they can double the money easy without any effort. But that doesn't usually happen, the usual occurrence is that players lose more than what they have and end up regretting gambling.

The question by the OP was in reference to the bitcoin gambling Industry and not any other gambling industry like fiats. I think interest in Cryptocurrency is on the rise globally and since it has been introduced into gambling it has spurned the bitcoin gambling industry on.

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Quote from: Pettuh4 on October 22, 2017, 08:15:49 PM

Quote from: KourtneyK on October 22, 2017, 06:55:14 PM

I think it is successful because of mainly the price you get when you win in Bitcoin Gambling, if you kept the reward then in a year you'll be rich because Bitcoin value keeps on increasing and most of the gamblers strive hard to win that amount.

It is true that Bitcoin investment is the best thing around now but the problem is that most gamblers want instant money and might not necessarily want to keep their wins for a year, chances are that they might gambler it off even if they manage to keep it.

That is indeed why gambling sites are so successful. Since gambling sites really appeal to a person's greed. That is why people keep on still risking money in gambling. They all think that they can double the money easy without any effort. But that doesn't usually happen, the usual occurrence is that players lose more than what they have and end up regretting gambling.

Pettuh4

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Quote from: KourtneyK on October 22, 2017, 06:55:14 PM

I think it is successful because of mainly the price you get when you win in Bitcoin Gambling, if you kept the reward then in a year you'll be rich because Bitcoin value keeps on increasing and most of the gamblers strive hard to win that amount.

It is true that Bitcoin investment is the best thing around now but the problem is that most gamblers want instant money and might not necessarily want to keep their wins for a year, chances are that they might gambler it off even if they manage to keep it.

KourtneyK

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I think it is successful because of mainly the price you get when you win in Bitcoin Gambling, if you kept the reward then in a year you'll be rich because Bitcoin value keeps on increasing and most of the gamblers strive hard to win that amount.

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Quote from: FasTroy on October 22, 2017, 03:42:07 PM

I think that bitcoin gambling industry so successful in the world, because there is a lot of people like too much the fast earning of money, Furthermore they like to gamble in sites which they accept cryptocurrencies, because they find that is easily to use rather than site that accept only fiat, because when you creat an account in a gambling site that accept cryptocurrencies, you will be allowed to play without any kind of verifications, So it's to easy compared to other site that use debit cards.

It's one of the most successful industry because the industry itself has the edge to keep on growing because of the assurance that many gamblers will just eventually lose in the end. Fast phase industry, people who wants to earn fast are the ones that will make this industry will be more successful in the near future, no doubt that when someone sees winning good amount of money, he'll be attracted to it.

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Quote from: FasTroy on October 22, 2017, 03:42:07 PM

I think that bitcoin gambling industry so successful in the world, because there is a lot of people like too much the fast earning of money, Furthermore they like to gamble in sites which they accept cryptocurrencies, because they find that is easily to use rather than site that accept only fiat, because when you creat an account in a gambling site that accept cryptocurrencies, you will be allowed to play without any kind of verifications, So it's to easy compared to other site that use debit cards.

In fact gambling has the magic which attract people to play and put money. people consider gambling as the quicket way of earning money, because gambling do not require proper education, even in some gambling game your previous experience and experience do not have any value, In fact In most of gambling games, specially in dice games you do not need for any experience, therefore people mostly like to invest in bitcoin and to get some profit but I think no one can be lucky for everything.

FasTroy

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I think that bitcoin gambling industry so successful in the world, because there is a lot of people like too much the fast earning of money, Furthermore they like to gamble in sites which they accept cryptocurrencies, because they find that is easily to use rather than site that accept only fiat, because when you creat an account in a gambling site that accept cryptocurrencies, you will be allowed to play without any kind of verifications, So it's to easy compared to other site that use debit cards.

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Quote from: JL421 on October 21, 2017, 11:46:16 AM

It's not so successful but the amount of players are surely increasing every day. The reason behind this is surely the house edge which is max 1% on most of the gambling sites as well as the ease of gambling you need to put some fake details deposit and withdraw with any personal information to be provided

That is true. The houses are so clever in this regard, and they are responsible for addiction of these gamblers. When the house edge rates are low, people are more trending to gamble because they think they can have major profit ratio for themselves.

But they don’t know how tricky these houses are. Still gambling is getting more and more fame just because of it is being easy money source.

BitcoinPC

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Quote from: JL421 on October 21, 2017, 11:46:16 AM

It's not so successful but the amount of players are surely increasing every day. The reason behind this is surely the house edge which is max 1% on most of the gambling sites as well as the ease of gambling you need to put some fake details deposit and withdraw with any personal information to be provided

Then i think we should accept that it is successful because you also accept it that everyday players numbers are increasing, also you give us valid reason, in online gambling we could play it even we have no enough money because in it the house edge is very less. In gambling if we want to play but we can't play it because we have no more money, but in online gambling it has solved the problems.

JL421

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It's not so successful but the amount of players are surely increasing every day. The reason behind this is surely the house edge which is max 1% on most of the gambling sites as well as the ease of gambling you need to put some fake details deposit and withdraw with any personal information to be provided

bitalive

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Mostly anonymity as no one wants to be marked as gambler these days. Also, decentralization - no one can trace the money you spend or the money you win - helps to stay safe from government and taxes.

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Quote from: BillCoin on October 18, 2017, 08:01:46 AM

Quote from: blckhawk on October 18, 2017, 06:44:53 AM

Quote from: Oilacris on October 16, 2017, 12:35:24 PM

Quote from: emberbekas on October 16, 2017, 12:22:08 PM

Quote from: dmamigo on October 15, 2017, 03:59:21 PM

Gambling is already a great industry and I don't know how successful the Bitcoin gambling industry is, but many people have started gambling using Bitcoin, including me as previously gambling or betting was illegal in our area, and Bitcoin gave us the opportunity to gamble and bet. Also the anonymity played another great role for the rise of this industry.

True, gambling is already a well known business long before bitcoin itself was born. Bitcoin offers more reliable ways to do gamble especially for those who intend to hide their identity in this matter. With the features that bitcoin gave, people feels more secure when comes to gambling compared if they play it with fiat. That is one of the reason why gambling using bitcoin is so successful.

This is one of the reason why gambling with bitcoin becomes popular because of the things that it does give into particular gambler and it is indeed true that most of us dont really like to show up our identity into those sites which do really require such informations back in the past when we do play tradition fiat gambling which we dont have any choice but to follow on what they are requiring for us to enable to play.

Precisely, bitcoin gambling become popular in the world of cryptocurrency because most of the people are wanted gain profit in easy way. Yet, they are comfortable because they know that their identity is safe.

I don't agree with you.
I think that the main reason of bitcoin to become popular, is that at some countries gambling is prohibited, and people who lives in such countries were searching for an alternative way to gamble, to pass the law at other words.
Bitcoin can be a very good solution, as it is really hard for the governments to follow whether you have gambled or not.
And also you can do it anonymously through the dark net.

Yes. Not only that. People from heavily regulated countries have also found in crypto gambling an alternative to regulated fiat sites.

Gambling has been popular throughout History because it is a low-effort high-possible reward activity and it deals with people’s emotions. To hit a jackpot gives you a high and to be on a long losing streak makes you angry but curiously both emotions tend to make play more.

Gambling has been historically seen by many as a vice. Internet gambling was a change because you could play from home 24/7. This brought privacy and easiness of play. Crypto gambling is a step further in privacy because not even the casino knows you real identity and has other advantages that have already been pointed out.

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Quote from: blckhawk on October 18, 2017, 06:44:53 AM

Quote from: Oilacris on October 16, 2017, 12:35:24 PM

Quote from: emberbekas on October 16, 2017, 12:22:08 PM

Quote from: dmamigo on October 15, 2017, 03:59:21 PM

Gambling is already a great industry and I don't know how successful the Bitcoin gambling industry is, but many people have started gambling using Bitcoin, including me as previously gambling or betting was illegal in our area, and Bitcoin gave us the opportunity to gamble and bet. Also the anonymity played another great role for the rise of this industry.

True, gambling is already a well known business long before bitcoin itself was born. Bitcoin offers more reliable ways to do gamble especially for those who intend to hide their identity in this matter. With the features that bitcoin gave, people feels more secure when comes to gambling compared if they play it with fiat. That is one of the reason why gambling using bitcoin is so successful.

This is one of the reason why gambling with bitcoin becomes popular because of the things that it does give into particular gambler and it is indeed true that most of us dont really like to show up our identity into those sites which do really require such informations back in the past when we do play tradition fiat gambling which we dont have any choice but to follow on what they are requiring for us to enable to play.

Precisely, bitcoin gambling become popular in the world of cryptocurrency because most of the people are wanted gain profit in easy way. Yet, they are comfortable because they know that their identity is safe.

I don't agree with you.
I think that the main reason of bitcoin to become popular, is that at some countries gambling is prohibited, and people who lives in such countries were searching for an alternative way to gamble, to pass the law at other words.
Bitcoin can be a very good solution, as it is really hard for the governments to follow whether you have gambled or not.
And also you can do it anonymously through the dark net.

blckhawk

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Quote from: Oilacris on October 16, 2017, 12:35:24 PM

Quote from: emberbekas on October 16, 2017, 12:22:08 PM

Quote from: dmamigo on October 15, 2017, 03:59:21 PM

Gambling is already a great industry and I don't know how successful the Bitcoin gambling industry is, but many people have started gambling using Bitcoin, including me as previously gambling or betting was illegal in our area, and Bitcoin gave us the opportunity to gamble and bet. Also the anonymity played another great role for the rise of this industry.

True, gambling is already a well known business long before bitcoin itself was born. Bitcoin offers more reliable ways to do gamble especially for those who intend to hide their identity in this matter. With the features that bitcoin gave, people feels more secure when comes to gambling compared if they play it with fiat. That is one of the reason why gambling using bitcoin is so successful.

This is one of the reason why gambling with bitcoin becomes popular because of the things that it does give into particular gambler and it is indeed true that most of us dont really like to show up our identity into those sites which do really require such informations back in the past when we do play tradition fiat gambling which we dont have any choice but to follow on what they are requiring for us to enable to play.

Precisely, bitcoin gambling become popular in the world of cryptocurrency because most of the people are wanted gain profit in easy way. Yet, they are comfortable because they know that their identity is safe.

patrickj

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Quote from: tyz on May 10, 2017, 10:31:49 PM

I've just read an interesting article about popularity of Bitcoin gambling. The article identifies six reason why Bitcoin gambling is that successful. Bitcoin casinos started being successful in 2012. The 1st most successful casino was Satoshi Dice, which is a simple site that offers gamblers access to various dice rolling games. This surprising success sets precedent for the gambling industry. Full Article

Gambling site using bitcoin is very successful because most of gamblers are rich people or just an ordinary man that is addicted to gambling. Besides, if you have money to play for it either you want to make more money or just one of your hobbies when you get bored this will cause you to be fond of gambling and maybe might end in addiction. This is one of the factor why most gambling site became successful because others cannot resist when they start to play despite of win or lose.

Topic: Why Is Bitcoin Gambling Industry So Successful in the World? - page 4. (Read 5557 times)